production cost that charge to GJ Steel under the tolling service agreement, GJ Steel provided main raw material, scrap, for the company’s production. Unit : million Baht Q 1/2018 Q 1/2017 Group Revenues 8,148

year ended % Change 2019 2018 THB Mil % THB Mil % Revenue from sales or services 1. Visual effect 53.6 27.3 57.6 33.2 -6.9 2. Animation movie 94.2 47.9 57.5 33.1 63.8 3. Game & Production 47.9 24.4 55.6

customer base while also preparing to accommodate new clients this year. Moreover, there was an additional depreciation calculated by the investment in assets used in production to boost efficiency and

additional depreciation calculated by the investment in assets used in production to boost efficiency and reduce production costs in the long run. - Net profit according to the financial statement decreased by

Company’s process of changing its customer base while also preparing to accommodate new clients. Moreover, there was an additional depreciation calculated by the investment in assets used in production to

percent in Q2/2018). The increase of gross profit was the result of low overhead cost due to high production volume and the higher in sales.  Selling Expenses The Company and its subsidiaries had the

and less waste proportion. This was coupled with the Company’s effective control of production cost, e.g. orders for raw materials in a large volume to lessen unit cost of raw materials, and lower fixed

recorded an average production rate of 118. 82 KBD (99% utilization rate) which is considered as a record all-time high for average production rate in any quarter in the history of the Bangchak refinery

Exchange of Thailand Business Overview In the year 2018, the Thai economy remained stable with the volatility of global economy including the impact of the trade war between the United States and China

increase of gross profit compared with 3 month and six month period of the previous year. Cost of Sales Cost of sales in Q2 sees the increase in production. Even though the Baht have strengthened